Funko (NASDAQ:FNKO) Rating Lowered to "Sell" at Wall Street Zen

Wall Street Zen cut shares of Funko (NASDAQ:FNKO - Free Report) from a hold rating to a sell rating in a research note released on Thursday morning.

A number of other research analysts also recently weighed in on FNKO. The Goldman Sachs Group raised shares of Funko from a "sell" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $5.50 in a research report on Wednesday, May 14th. DA Davidson upgraded Funko to a "strong-buy" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $9.88.

Funko Stock Up 5.2%

Shares of NASDAQ:FNKO traded up $0.20 during mid-day trading on Thursday, reaching $4.11. 457,110 shares of the stock were exchanged, compared to its average volume of 1,095,045. The stock's 50 day simple moving average is $4.89 and its 200-day simple moving average is $9.57. Funko has a one year low of $3.50 and a one year high of $14.65. The company has a market cap of $224.36 million, a P/E ratio of -8.55 and a beta of 0.85. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.43) by $0.10. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The firm had revenue of $190.74 million during the quarter, compared to the consensus estimate of $191.96 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. The business's revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts predict that Funko will post -0.12 EPS for the current year.

Insider Activity

In related news, CEO Cynthia W. Williams sold 47,457 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $3.94, for a total transaction of $186,980.58. Following the transaction, the chief executive officer now directly owns 32,769 shares of the company's stock, valued at approximately $129,109.86. The trade was a 59.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew David Oddie sold 9,580 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $4.96, for a total transaction of $47,516.80. Following the completion of the transaction, the insider now directly owns 52,203 shares in the company, valued at $258,926.88. The trade was a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,801 shares of company stock valued at $474,227 in the last quarter. Company insiders own 3.27% of the company's stock.

Institutional Investors Weigh In On Funko

A number of institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System bought a new position in shares of Funko during the fourth quarter worth approximately $38,000. Intech Investment Management LLC acquired a new position in Funko in the 4th quarter valued at $148,000. Hsbc Holdings PLC bought a new stake in shares of Funko during the 4th quarter valued at $152,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Funko during the 4th quarter valued at $183,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Funko by 15.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 27,429 shares of the company's stock worth $188,000 after purchasing an additional 3,603 shares in the last quarter. Institutional investors own 99.15% of the company's stock.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.